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Articles from Business and Finance

Government moves to reform sugar industry amid shortages

Government has announced comprehensive reform plans to overhaul Malawi’s sugar industry, aiming to address persistent shortages, stabilize prices, and promote local participation in distribution.

Commentators urge Minister Mumba to stop politicizing sugar crisis

As sugar scarcity continues to affect the country, several renowned social commentators have criticized Minister of Trade, Vitumbiko Mumba, for what they describe as "irresponsible" remarks regarding the issue.

Sugar soars to K6, 000, Illovo says it’s managing the situation

Illovo Sugar Malawi says the current challenges in the availability of sugar is primarily being driven by informal...

IMF walks away: Malawi’s missteps sink ECF program

As concerns grow over Malawi’s stalled Extended Credit Facility (ECF) with the International Monetary Fund (IMF), civil society organizations (CSOs) and economic experts are offering divergent views on what went wrong — and what should happen next.

Gadama calls for urgent reforms in Mw’s economy

Economist and senior DPP official Dr. Paul Gadama has raised concerns over Malawi’s deepening economic crisis, citing persistent inflation, fuel shortages, and foreign exchange instability. He criticizes the government’s inadequate response, particularly its reliance on monetary policy without addressing structural weaknesses. Gadama calls for a holistic approach that includes targeted agricultural investment, energy reforms, and forex management to prevent further economic decline and social unrest.

Elderly people in Rumphi tout social cash transfer program

Elderly people in Rumphi say social cash transfer programme (SCTP) has offered them a chance to live dignified lives and has rescued them from abject poverty.

Chakwera determined to revamp the economy – Chithyola

The Minister of Finance and Economic Affairs Simplex Chithyola Banda on Sunday assured Malawians of President Dr. Lazarus McCarthy Chakwera’s commitment to revamp the economy to spur social and infrastructural development.

Minister urges state owned enterprises to implement austerity measures

Minister of Finance and Economic Affairs, Simplex Chithyola Banda, has urged state-owned enterprises (SOEs) to enact significant cuts in expenditures in a bid to align with government imposed austerity measures.

40 businesses shortlisted for R24m Creation Africa mentorship programme

Creation Africa has shortlisted 40 businesses to participate in a mentorship programme targeting cultural and creative entrepreneurs in the African continent.

Business captains commend Chakwera government to stabilizing forex reserves

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has commended President Dr. Lazarus McCarthy Chakwera and his administration for stabilizing foreign exchange reserves.

Chakwera saluted for being true democrat

Small and medium business operators in Lilongwe have saluted President Dr. Lazarus McCarthy Chakwera for demonstrating to be a true democrat and practicing civilized politics.